Graypoint LLC Has $15.49 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Graypoint LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,432 shares of the e-commerce giant’s stock after selling 2,696 shares during the period. Amazon.com accounts for approximately 1.0% of Graypoint LLC’s holdings, making the stock its 25th biggest holding. Graypoint LLC’s holdings in Amazon.com were worth $15,493,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its holdings in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $2,153,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the transaction, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 2.9%

Amazon.com stock opened at $230.98 on Friday. The firm’s fifty day moving average is $221.06 and its 200 day moving average is $208.69. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a market capitalization of $2.46 trillion, a PE ratio of 35.21, a PEG ratio of 1.51 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. Scotiabank lifted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Bank of America upped their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Barclays increased their target price on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Wells Fargo & Company raised their price objective on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $262.87.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.